Suen, Paul Cho Hung 孫粗洪

MMT sanctions CMBC Capital (1141) and 6 ex-directors for late disclosure in 2014
SFC, 16-Oct-2020
The MMT's report will be on its website, one day.
Imagi (0585) to buy Les Ambassadeurs Club from Paul Suen Cho HungTermination
Company announcement, 24-Jul-2019
The GBP122m (HK$1206.1m) price on the London casino is significantly less than the HK$2.5bn purchase price from Landing (0582) in Sep-2017. Mr Suen's ownership application is still pending with the UK Gambling Commission. Interestingly today's PDF metadata reveals that the deal is code-named "Project Martini" - a hat-tip to James Bond. Update: the deal was terminated by the seller on 18-Mar-2020 and a GBP12.8m break fee was payable to Imagi.
SFC takes CMBC Capital (1141) and 6 former directors to MMTThe bubbles in CNN
SFC, 18-Dec-2018
This alleges late disclosure of market gains in its securities portfolio in 2014, including shares of Icube (0139), Heritage (0412) and Rising Development (1004), all of which have since been renamed. All 4 companies were then in what we call the "Chung Nam Network". On 8-Jan-2015, we warned the market about bubbles in 2 of them.
Landing (0582) sells Les Ambassadeurs Club to Paul Suen Cho Hung for HK$2.5bn
Company announcement, 7-Sep-2017
Qualipak (1332) sells 7/F, China United Centre, to Mission Capital (1141)MC announcement
Company announcement, 16-Feb-2015
Another transaction in the "Chung Nam Network". Of the HK$90m price, $79.9m is satisfied with 850m new shares in Mission Capital, or 11.70% as enlarged. MC at last disclosure is 9.19% owned by HEC Capital, 9.25% owned by Freeman Corp (both being network hubs) and 29.68% by Paul Suen Cho Hung. The transfer of the BVI property owner avoids $7.65m of double stamp duty.
Passport funds v eSun (0571) & others: costs
HK Court of First Instance, 19-Jan-2012
Passport funds v eSun (0571) & others
HK Court of First Instance, 8-Jun-2011
Enerchina (0622) invests HK$300m in 18.01% of Cordoba Homes Ltd
Company announcement, 25-Jan-2011
Before this, Cordoba is owned as follows: 40.71% owned by "a listed company". That is Willie (0273), 17.57% by Hennabun, into which Enerchina has already sunk HK$200m, and 32.94% and 8.78% owned by "two private companies". The last time we heard, those are Ristora Investments and Supreme Castle Investments, owned by Karen Lo Ki Yan and Paul Suen Cho Hung respectively. Enerchina is now firmly part of what we call the "Chung Nam Network".
Willie (0273) sells convertible note in Cordoba Homes Ltd to Paul Suen Cho Hung (fka Sun Wang)
Company announcement, 16-Nov-2010
Sunlink (2336) in provisional liquidation v its controlling shareholder
HK Court of First Instance, 8-Nov-2010
The CFI prohibits the controlling shareholder from voting against the proposed capital injection into a subsidiary. The liquidator alleges serious breaches of fiduciary duty by the former Chairman, including cooking and losing the books (para 15).
China Strategic bubble
We warn investors of a bubble in the stock of China Strategic, the 80% owner of the proposed buyer of Taiwan's Nan Shan Life Insurance, partly financed by a massive note issue convertible into 78bn shares at $0.10 each. We publish the placing list and analyse the names in the deal. Finally, we warn investors to avoid 7 companies in the "Chung Nam network", which has lost HK$6.2bn in 5 years. (13-Nov-2009)

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